Rock Street, Brighton, East Sussex, BN2 1NF
*Guide Price £900,000-£950,000
2 Adjoining buildings part commercial/part residential producing £49,000 per annum with future potential to convert to 2 houses (subject to consent)
Built between 1822-1830 as 2 Houses the properties comprises one inner terraced and one end terrace buildings each on 3 storeys plus basements arranged as ground floor commercial unit and 2 self contained residential flats over.
Ground and basement with whole of rear garden trading as Busby and Wilds Gastro Eatery - 16 year lease from 12/October/2009 Current rent £22,000 per annum FRI terms -extending to circa 82 sqm on ground floor +basement
Separate entrance on East side of building leading to 2 good size 3 Bedroom flats each around 82 sq m (880 sq ft) - see floor plans - each with Bath/Shower/wc and second shower/wc
One flat Let at £1150 pcm and the other at £1100 pcm Current rent total from flats £27,000 per annum
NOTE -This building is VATABLE and will be a TRANSFER AS A GOING CONCERN (TOGC)
There is potential in our opinion to let the 2 flats on an HMO basis and doing so could increase the total rental income to circa £60,000 per annum +.
A further reversionary opportunity exists to return the buildings into 2 Houses subject to consents.
Rock Street, Brighton, East Sussex, BN2 1NF
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Brighton Station1.5 miles
- London Road (Brighton) Station1.7 miles
- Moulsecoomb Station2.1 miles
About the agent
Auction House Sussex are one of the largest property auctioneers in the South East of England. Run by Austin Gray, we have been auctioneers since 1987 and hold seven auctions throughout the year, incorporating all types of residential and commercial property, development sites, land and garages. We cover the whole of Sussex from Chichester in the west to Rye in the east, and north to Horsham and Crawley; we sell lots in Brighton, Hove, Worthing, Eastbourne and Hastings, and deliver a consiste
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House Sussex on 01273 839132.
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